APAC Aviation Market Share

Market Share of APAC Aviation Industry

The Boeing Company, Airbus SE, Lockheed Martin Corporation, ROSTEC, and Textron Inc. are some prominent players in the Asia-Pacific aviation market. In addition to these players, local manufacturers such as the Aviation Industry Corporation of China (AVIC), Hindustan Aeronautics Limited, and Kawasaki Heavy Industries are also actively pitching their aircraft models to gain a significant share in the market. The growth of the market can be attributed to various governments' initiatives in the region, facilitating and encouraging indigenous aircraft development and manufacturing capabilities. Especially in the military sector, countries like China, India, Japan, South Korea, and Indonesia are working on developing their military aircraft models. In this regard, Korean Aerospace Industries is currently developing the KF-X (KF-21 Boramae) fighter aircraft, a 4.5 generation aircraft to replace aging F-4D/E Phantom II and F-5E/F Tiger II aircraft in service of the Republic of Korea Air Force. The first flight of the aircraft is planned to be completed in 2022 and enter service by 2026. Such developments are expected to help the growth of the local players in these countries. In the commercial segment, a new player like Commercial Aircraft Corporation of China Ltd (COMAC) is also expected to introduce its new aircraft (C919) in the market during the forecast period, which may further increase the competition in this region.

Asia Pacific Aviation Market Leaders

1. Lockheed Martin Corporation

2. Airbus SE

3. The Boeing Company

4. Textron Inc.

5. ROSTEC

*Disclaimer: Major Players sorted in no particular order